Arbeitspapier

Alternative Measures of Price Inflation and the Perception of Real Income in Germany

Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation estimates. Both turn out to be negative over the past decade in the most pessimistic scenarios.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 8583

Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy
Central Banks and Their Policies
Macroeconomic Analyses of Economic Development
Thema
inflation
harmonized index of consumer prices
hidden inflation
assets prices
costs of public goods
inflation targeting
monetary policy
real wages
real economic growth
Germany

Ereignis
Geistige Schöpfung
(wer)
Israel, Karl-Friedrich
Schnabl, Gunther
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and Ifo Institute (CESifo)
(wo)
Munich
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Israel, Karl-Friedrich
  • Schnabl, Gunther
  • Center for Economic Studies and Ifo Institute (CESifo)

Entstanden

  • 2020

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